NYC has a vibrant and challenging property management market. This year, the market shows high growth opportunities for the landlords. According to CRE Daily, the market will grow by 5.7% and reach a value of $1.6 trillion, reflecting a considerable ROI. The NYC market offers you lucrative opportunities to invest, but at the same time, […]
New York City is one of the most iconic cities in the U.S. Here, you can find top-class structures, apartments, and commercial buildings. You can easily find a property that fits your needs and preferences. Whether renting an apartment for your family or finding a lucrative commercial building for your business, this city provides you […]
Manhattan’s commercial real estate has long been a cornerstone of New York City’s economy. Recent changes in the market landscape have made investing more exciting and complex. Data says year-to-date leasing activity reached 26.1 MSF, which is a 24.7% higher than the last year. From shifts in office space use to the rise of sustainability, […]
The facility management market is expected to rise at an amazing CAGR of 8.2%. However, note that FMA (The International Facility Management Association) plays a key role in organizing and building the future of the facility management sector. If you are setting the facility management standards in any specific area, then IFMA universally governs it. […]
The property dealing space in Brooklyn is thriving. With rising property sales year over year, there’s been an increase of 26.5% in sales price. However, dealing with a property in Brooklyn can be intimidating. Property owners may go through with issues like finding tenants, addressing maintenance requests, and keeping track of local regulations. That’s where […]
Investing in property deals in NYC is the best thing you can do this year. It’s because average property sales showed a 9.5% jump recently, which is great. However, to gain most of the investment benefits, you must take guidance from a professional property management service. With numerous firms offering a range of such […]
In NYC, different types of properties have different rent, rules, regulations, zoning laws, specifications, and restrictions. In Manhattan, the average rent of a 4-bedroom rental unit is $9,000 as compared to $3,479 for a studio. Similarly, the rules and regulations of renting both properties are different. To abide by the rules and regulations and to […]
Renting an apartment requires sound financial planning, a strong credit score, and an excellent rental history. Sometimes, it requires a guarantor who also takes responsibility for any default in payment made by the tenant. As the rent in NYC is rising daily, the need for a guarantor is also rising. At present, the Average rent […]
Property management in the USA is a vast market with a value of $81.52 billion. The market comprises various segments that include overseeing residential properties, commercial properties, and business assets. The segment dealing with managing assets is generally referred to as asset property management. It ensures that the assets of the property are in good […]
Tenant improvement allowances are the benefits offered by a landlord to the tenant for renovating or modifying commercial properties. As commercial property prices are rising day by day, the need for tenant improvement allowances is increasing. The average price per sq. ft. for an office is $37, the retail outlet is $23, and the industrial […]
